This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
3-bedroom, 3-bathroom house of 450 m², built in 2003, energy rating C. Located Quinta do Anjo parish, Palmela municipality, Setúbal district. Property Highlights: This former cheese factory offers a rare opportunity for innovative renovation on a substantial 3,000 m² plot, making it ideal for custom residential development.
The valuation. The asking price of €350,000 sits significantly below the fair value of €1,059,669, representing a substantial underpricing of €709,669 (67.0%). This creates an attractive opportunity for investors seeking value.
Fair value modelled at €1,059,669 from 6 comparable sales in the area. Asking €350,000 sits €709,669 (67.0%) below — the upside to fair value.
Asking €350,000 versus the Quinta do Anjo, Palmela, Setúbal area baseline of €1,267,460 (€2,817/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 37/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €1,267,460, adjusted for condition and micro-location, gives a modelled fair value of €1,059,669 (€2,355/m²), a €709,669 (67.0%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quinta do Anjo · c498bc | Subject | €350,000 | €778 | — | 35 | 57 |
| Quinta do Anjo · 43908b | Active | €300,000 | €1,724 | 121.7% | 40 | 70 |
| rua da Oliveira S / N | Active | €325,000 | €2,802 | 260.2% | 56 | 69 |
| rua Francisco Gentil | Active | €415,000 | €3,120 | 301.2% | 58 | 72 |
| rua da Liberdade, 59 | Active | €400,000 | €2,410 | 209.8% | 72 | 69 |
| Median comp | €362,500 | €2,606 | 235.1% | 57 | 70 |
Long-term rental The property is attractively priced at €350,000, providing a significant gap of 67.0% below its fair value of €1,059,669. With a gross yield of 6.7%, this investment offers a compelling opportunity for stable cash flow in a moderately demanding market. Buy-and-hold Acquiring this property presents a strong buy-and-hold strategy, given its current pricing well below fair value. The potential for property appreciation can be enhanced over time, especially as the Setúbal area continues to develop its residential and industrial appeal. Value-add renovation Investing in a value-add renovation could substantially increase the property's condition rating from 37/100, which currently limits its market perception. With a strong gap to fair value and renovation potential, the returns post-improvement could significantly boost both rental income and overall property value.
Economic Reliance Risk A low economic stability score of 50/100 indicates a potential vulnerability to economic downturns that may affect tenant occupancy.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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